NuScale Power (NYSE:SMR) Upgraded at Texas Capital

Texas Capital upgraded shares of NuScale Power (NYSE:SMR) to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

A number of other brokerages also recently commented on SMR. BNP Paribas Exane downgraded NuScale Power from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Cantor Fitzgerald began coverage on NuScale Power in a research note on Tuesday, October 21st. They set an “overweight” rating and a $55.00 target price for the company. Bank of America raised shares of NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a research report on Friday, January 9th. UBS Group set a $20.00 price target on shares of NuScale Power in a report on Tuesday, November 25th. Finally, Royal Bank Of Canada set a $21.00 price objective on shares of NuScale Power in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.42.

NuScale Power Trading Down 7.6%

SMR opened at $18.93 on Tuesday. NuScale Power has a twelve month low of $11.08 and a twelve month high of $57.42. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of -6.62 and a beta of 2.12. The company has a fifty day simple moving average of $18.51 and a 200 day simple moving average of $31.69.

NuScale Power (NYSE:SMR) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($1.85) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.74). The firm had revenue of $8.24 million during the quarter, compared to analyst estimates of $11.29 million. NuScale Power had a negative return on equity of 51.27% and a negative net margin of 594.63%.The business’s quarterly revenue was up 1635.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.18) EPS. On average, analysts forecast that NuScale Power will post -0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Robert Ramsey Hamady sold 40,000 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $22.17, for a total value of $886,800.00. Following the transaction, the chief financial officer directly owned 46,283 shares in the company, valued at approximately $1,026,094.11. This trade represents a 46.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NuScale Power

A number of hedge funds and other institutional investors have recently bought and sold shares of SMR. D.A. Davidson & CO. grew its holdings in shares of NuScale Power by 61.6% during the fourth quarter. D.A. Davidson & CO. now owns 34,659 shares of the company’s stock valued at $491,000 after purchasing an additional 13,210 shares during the last quarter. Kestra Private Wealth Services LLC boosted its position in NuScale Power by 15.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 60,039 shares of the company’s stock valued at $851,000 after purchasing an additional 8,084 shares during the period. Pictet Asset Management Holding SA grew its stake in NuScale Power by 149.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 204,401 shares of the company’s stock worth $2,896,000 after buying an additional 122,494 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in NuScale Power by 19.6% in the fourth quarter. Sanctuary Advisors LLC now owns 55,892 shares of the company’s stock valued at $792,000 after buying an additional 9,155 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of NuScale Power by 40.5% during the fourth quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock valued at $220,273,000 after acquiring an additional 4,482,254 shares during the period. 78.37% of the stock is currently owned by institutional investors and hedge funds.

About NuScale Power

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.